Ministry Of Petroleum & Natural Gas

First food: business of taste

Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …

Countrys oil import price basket breaches $110 per barrel

Public sector petroleum companies' losses on fuel sales cross Rs 500 crore a day; govt under renewed pressure to allow them to raise petro-product prices New Delhi, April 23: The price basket of crude oil that India imports has crossed an all-time high of $110 a barrel, widening the losses …

Investment-friendly regime in E&P sector is petromin mantra

Even as the last date for bidding for Nelp-VII has been deferred till May 16, owing to uncertainty over sops for the E&P; players, the petroleum ministry has not given up just yet. The ministry, in its internal report, said focus would be given on increasing domestic production by attracting …

Govt may restore tax sop on oil, gas production

In a major relief to companies like Reliance Industries, the government is likely to restore a 7-year income tax holiday on oil and gas production as it was a sovereign commitment to companies investing in the nascent sector. But uncertainity continues over the same tax break being extended to refineries …

Gas Cracker Project on time: Centre

The Centre has denied that the Gas Cracker Project has suffered delays claiming that the Brahmaputra Cracker and Polymers Limited (BCPL) would start production according to schedule by 2012. In reply to a Lok Sabha question by Sarbananda Sonowal, Minister of State for Chemicals and Fertilizer, Bijoy Krishna Handique gave …

Taxing prices

It is high time Parliament took serious note of the sordid story of the unwarranted hike in the prices of petroleum products. AFTER months of vacillation, the Union government has raised the price of petrol and diesel by Rs.2 and Re.1 a litre respectively. The leftist parties and the National …

We are pursuing pipeline project, says Murli Deora

Says important issues are under discussion Pakistan to levy transit fee for safety and security of the pipeline Will be built as per global standards and incorporate all safety measures NEW DELHI: India is pursuing the issue of import of natural gas from Iran through the Iran-Pakistan-India gas pipeline, and …

Rationalise levies on petro products for long-term good

WE ALL know the critical role played by oil and gas in the economic development of a country. Fuels such as PDS kerosene and domestic LPG are essential commodities, next only to food, and impact the life of common man in a major way. Therefore, managing the supplies and prices …

Brinda questions Deora on fuel price hike

Picking on an advertisement issued by the Petroleum Ministry to explain the recent fuel price hike, CPI(M) Politburo member and MP Brinda Karat wrote a letter to Petroleum Minister Murli Deora on Tuesday, questioning the Ministry's claim about the Government absorbing a financial burden of over Rs 71,000 crore during …

Government raises petrol and diesel prices

AFTER several rounds of deliberations on raising auto fuel prices, the government finally decided to bite the bullet. Despite the Left's opposition it has raised petrol and diesel prices by Rs 2/litre and Re 1/litre, respectively, from February 15. The current price of petrol in Delhi is Rs 45.52/litre (from …

Cabinet may raise petro prices today

THE Cabinet may review prices of petroleum products on Thursday that may result in a marginal increase of petrol and diesel prices. The petroleum ministry is in favour of raising petrol price by Rs 2 a litre and diesel by Re 1 a litre. Oil prices have been volatile through …

Standing committee on petroleum & natural gas

The Chairman, Standing Committee on Petroleum & Natural Gas (2007-08) having been authorised by the Committee to submit the Report on their behalf, present this Seventeenth Report on

India to develop fuel economy standards

public anger over lack of regulations to improve fuel efficiency of vehicles has finally set off official action. The Petroleum Conservation and Research Association, an autonomous research body under the Union ministry of petroleum and natural gas, has signed a memorandum of understanding with the Bureau of Energy Efficiency to …

India not on course for clean air target

Diesel cars are expected to corner 50 per cent of the Indian car market by 2010. 2010 is also the Indian government's target year for putting into place European emission standards. The target was set by the auto fuel policy of 2002. It appears to be an unlikely one with …

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